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Objective
- To provide medium/short term financial assistance to eligible MSMEs for augmenting NWC and / or to execute urgent confirmed order.
- Incremental working capital requirement may also be funded after satisfying about non enhancement of regular WC limit from existing lenders.
- Key Features
- Both in rupee and foreign currency.
- Generally, upto 3 years (including moratorium upto 6 months).
- Availability of CGTMSE cover
- Simplified documentation
- Quick sanction and disbursement
- Eligibility
- Eligibility
- Existing MSMEs as per MSMED Act
- Minimum 3 years operations of the unit required. (2 years for Existing customer of SIDBI)
- WCTL shall be provided to only those enterprises not availing WCL / OD facility from any Banks / FIs.
- Operating profit during past 2 years ( 1 year for Existing Customers).
- Standard Scheme Norms apply (CIBIL / CMR, due diligence checks etc.)
- should not be in default to any bank/FI.
- Loan Amount
Upto Rs 300 lakh for existing customers- Upto Rs 200 lakh for New Customers
Upto Rs 300 lakh for existing customers